The Royal Government of Cambodia and the French Government signed a
partnership agreement on Feb 22 that provided 3.5 million euro (equal to
roughly US$4.5 million) to support the trade of Cambodia’s rice. The
agreement aims to maximize the incomes of the producers as part of the
national strategy to boost rice exports.
The grant aid was signed by Aun Porn Moniroth, Economic Adviser to
Prime Minister Hun Sen and Secretary of State of the Ministry of Economy
and Finance, French Ambassador Christian Connan and Andre
Pouilles-Duplaix, Director of French Development Agency (AFD) in
Cambodia.
Aun Porn Moniroth said that the project will be implemented from
2012-2015 in an attempt to improve people’s livelihoods in rural areas
through the development of the rice trade. It will contribute to the
rice sector’s development in Cambodia through organizing exporters’
structures, capacity-building of the relevant players, setting up and
developing quality standards on the international market, promoting
contract farming, and building the capacity of the Rural Development
Bank, which allows it to fully play its role as a financial intermediary
and answer to the financial needs of the rice sector.
To be continued...
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